Company Purpose:
Our company purpose is to contribute to a responsible and sustainable economy by financing and advising clients according to the highest ethical standards.
Our employer promise is built around three pillars:
- Being a great place to work
- Committed to sustainability and having a positive impact
- Being dedicated to the development of our people
Business Area
The RISK SGCP UK team is a local function providing General Management, Corporate and Institutional Banking (CIB), RISK and Retail Banking & Services (CPBS/IPS) entities, with a UK-focused independent view and analysis of key risks, via:
The coordination of focuses related to business development and/or risk matters with regards to any portfolio, activity, product and as mandated by the UK Chief Risk Officer (CRO).
The support for RISK on the relationships with Supervisors, esp. with the PRA.
The monitoring of the UK managed portfolio, ensuring their alignment with the business strategy and the Bank's risk appetite in coordination with the Businesses lines and Functions.
The preparation of portfolio risk analyses that identify and assess the evolution of the portfolio dynamics overtime.
The monitoring and consolidation of the Risk Appetite Statement metrics.
The gathering and preparation of risk information to be communicated to external and internal stakeholders. Key stakeholders include Senior managers, Board Directors, PRA, rating agencies, internal and external audits, etc.
The coordination of the UK perimeters in Asset and Liability Management and Treasury, Operational Risk, Transactions and Electronic Trading, Data Protection, etc.
The RISK SGCP UK team reports both to the (i) UK Chief Risk Officer and (ii) the Head of RISK SGCP Globally and works in close coordination with the (iii) RISK UK Regulatory Strategy for monthly and quarterly contributions, and especially for supervisory requests, and (iv) RISK MFI Platform Management Information for alignment on key metrics for credit and counterparty risks, especially for Hedge Funds and Secured Financing Transactions.
The RISK SGCP UK team is composed by 1 manager and 4 risk analysts including a graduate / long-term intern.
Job Purpose
RISK SGCP UK maintains a Management Information (MI) framework, with responsibilities including animating the Risk Committees and Risk Executive Committees for both UK CIB and UK CPBS/IPS and producing necessary MI reporting for these. The team also contributes to MI reporting for the Executive Committees, notably the London Branch Executive Committee, as well as to external parties, notably the PRA and the external auditors.
Scope: UK
Key Responsibilities
Contribution to the compilation of reports and analyses for the various UK Corporate and Investment Banking (CIB) dashboard and committees.
Preparation and data analysis of the UK managed portfolio: Corporates, Corporates Securitisation, Financial Institutions and Funds (incl. Hedge Funds). Data analysis at aggregates and sub perimeters and sub portfolios by rating grades (IG, NIG, WL, DD), economic sectors, maturity etc.
Preparation and data analysis for dedicated sub perimeters or portfolios, e.g. Regulated Utilities, Commercial Real Estate and REO/NPL, Leveraged Lending, ABS and CLO warehouses, Liability Driven Investment funds, Pension Funds, Hedge Funds and Higher Risk Funds, Private Equity NAV loans and Capital Calls (subscription finance), etc.
Monitoring of dynamics of current exposure, potential future exposure (PFE) and Transversal Stress Test at different levels of aggregations on a monthly basis.
Monitoring of dynamics of Risk Weighted Assets, Provisions, Cost of Risk, Credit Stress Test, ESG assessments, Origination, etc at different levels of aggregation on a quarterly basis.
Contribution to the London Branch RAS metrics calibration and Risk Identification and Assessment annual exercises.
These reports require close collaboration with other RISK and Business teams.
Represent RISK SGCP UK in committees when invited, contributing to discussion on relevant points.
Contribution to the compilation of the reports and analyses originated for the Retail Banking & Services (CPBS/IPS) UK perimeter
This requires collaboration with contributors from the respective CPBS/IPS entities.
Contribute to ad-hoc requests, whether external (e.g. from UK Regulators) or internal (e.g. request for focus paper on specific area) if requested.
Other general core accountabilities of the role
Proactively sharing insights into the relationship between market and supervisory developments, UK managed portfolio, business strategy, etc.
Maintenance of desk level producers and data quality controls for all activities within BAU.
Ensuring accuracy of the reports delivered and contributed to by GSA UK, both in terms of control checks and careful review of report data and content.
Contribution to automation initiatives via Python and Power BI.
Additionally, contribution to wider initiatives, such as reporting alignment work with other teams, participation in UK / Group projects, etc.
Spotting opportunities for ongoing development and enhancement of existing reports through a mixture of proactive improvements and efficiencies, and responses to address external or internal recommendations. In particular, a key aim is to improve and automate processes around data extraction, analysis and presentation.
Requirements
Education and certifications
Degree from a leading university with an excellent academic record. Preferred level: PhD, MSc, etc.
Preferred certifications: FRM (Financial Risk Manager, GARP)
Essential
Good understanding of financial markets. The RISK SGCP UK core functions are transversal to all types of risks: credit risk, credit and counterparty risk, market risk, and supervisory risks and to a lesser extent liquidity risks, operational risks, model risks, etc.
Confident verbal, written communication and networking skills. All RISK SGCP UK team members are expected to be capable of synthesising information, share key insights and build a network within the bank to advance the team objectives and their personal careers objectives.
Proficient with MS Office tools, especially Excel and PowerPoint. Most of RISK SGCP UK data monitoring and analysis activities will be performed via python or VBA automated extractions from systems and inclusion into spreadsheets for analysis and data quality controls.
Excellent spoken and written English . Additional languages are an advantage.
Programming skills (Python or VBA, basic to intermediate) will be needed to continue developing the automation initiatives within the RISK SGCP UK team.
Others: Ability to deliver / results driven (Basic); Ability to collaborate / teamwork (Proficient); Ability to synthesise, simplify (Basic)
Preferred
Curious and eager to learn. The RISK SGCP UK reporting will expose team members to Group initiatives, developments, models and methodologies which team members are expected to investigate and liaise with relevant teams across BNP Paribas.
Great organisational, multitasking and time management skills. All RISK SGCP UK team members are encouraged to take written notes of activities and insights across their meetings to enable cross information sharing in team meetings.
Strong analysis and judgement with Creativity and Innovation / Problem Solving (Basic)
Management: Personal Impact / Ability to Influence (Basic); Ability to manage / facilitate a meeting or committee (Basic)
Conduct
Be a role model, supporting and fostering a culture of good conduct.
Demonstrate proactivity, transparency, and accountability for identifying and managing conduct risks.
Consider the implications of your actions on colleagues.
And of course, we expect all our colleagues to embody and practice the Group values (alignment with the Bank’s strategy, commitment, work ethic, integrity and Code of Conduct).
PLEASE NOTE
- You may only apply to four Long Term Internships over the course of a year. These may be across any business area.
- Successful candidates for this long term internship will be considered for London ONLY .
- Please discuss the available start dates with your interviewers.
Unsuccessful candidates’ CVs will be shared with other teams within BNP Paribas and considered for potentially suitable roles. In this way we hope to maximise opportunities for candidates and hiring teams. By submitting your CV for this role you agree to it being shared securely with other hiring teams within BNP Paribas for the relevant recruitment round.
Location:
London
Duration:
12 months
A bit more about why you should join us
1. We’re a great place to work
We aim for optimal work/life balance (depending on role, this includes hybrid working, flexible working and agile)
We are proud of our award-winning flexible benefits and health & wellbeing strategy. Our flexible benefits include:
- Generous holiday allowance of at least 26 days (plus bank holidays) – with option to buy and sell holidays.
- Valuable financial plans – a 12% non-contributory pension which has been moved to sustainable investments*, life assurance*, income protection and personal accident insurance.
- Extensive wellbeing and mental health offering – one of the most advanced private medical schemes in the UK, dental cover, wellbeing app, Cognitive Behavioural Therapy support, subsidised gym memberships, bespoke health assessments including genetic testing, Private GP (including digital GP services to parents of employees), Employee Assistance Programme, menopause & fertility support (we are an accredited Menopause Friendly Employer), neurodiversity assessment and support.
- Key onsite services and facilities in London – include physiotherapy, nutrition, massage therapy, physiology, mental health first aiders, seasonal flu vaccinations and free onsite fitness centre.
- Plus, emergency back-up care for dependants, green car leasing, season ticket loan, and a range of other benefits.
- Subject to relevant caps
2. As the eurozone’s largest bank, we are committed to having a positive impact in the world.
For example, we are committed to Net Zero in all of our financing and investment portfolios by 2050. By 2030, 80% of our energy production financing will be low carbon.
But impact for us means more than climate. It means empowering our people every day. Everyone gets four volunteering days each year - in 2023, we achieved over 18,000 hours of volunteering across the UK and reaching over 4,500 young people.
3. We believe in our people
We support our people to develop skills to adapt to the ever-evolving world of work and to prepare for the jobs of today and tomorrow. We do this through a comprehensive training offering, talent programmes, mentoring, career days and inhouse career tools.
We are proud of the number of our people who progress and secure new roles internally. In fact, in 2023, nearly half of our positions in UK CIB were filled internally.
Investing in our people also means we have a collaborative and inclusive culture:
- Direct feedback from our people shows that our internal culture sets us apart from our industry peers.
- Each year, nearly 30,000 employees globally are involved in professional networks that play an active role in promoting Diversity and Inclusion within the Group. These include our:
- Pride Network, Ability Network (which supports disabled employees), MixCity (gender equality network), Women in Global Markets, Women in Global Banking, Women in IT, Diversity Equity & Inclusion in Technology, Early Careers Network, Multicultural Network and Parents & Carers Network.
Equal Opportunities
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to age, disability, gender reassignment, marriage or civil partnership status, pregnancy and maternity, race, religion or belief, sex or sexual orientation, or any other legally protected status.
Adjustments
We don’t want anyone to be disadvantaged in our recruitment processes, so if you have a disability or health condition which may mean that you’d benefit from some adjustments or additional support, please let us know as early in the process as possible.
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